Sitemap

MMF: Serbia Has Managed The Crisis Well

Nikola Jokic And Nuggets Agree On Historic 5-year Extension

Nikola Jokic has gone from draft pick...

Japanese Investors Welcome To Serbia

Prime Minister Ana Brnabic and President of...

EU Agrees On Rules To Tame Crypto Market

The European Union has agreed on ground-breaking...

UK: Lowest Car Sales Since 1996

Gathering economic headwinds are stoking fears of a recession after car sales dropped to the lowest level since 1996. UK...

In The New Report On Serbia GRECO Calls For Further Measures To Prevent Corruption

In a new report on Serbia, the Council of Europe’s Group of States against Corruption (GRECO) calls for further measures to...

China: Ready To Promote Global Development

The Forum on Global Development was held in Beijing, and on that occasion the President of the People's Republic...

Serbia And Hungary Sign Agreement On Border Control

The Agreement between the governments of Serbia and Hungary regulating border control in road, rail and water transport was...

Reception On The Occasion Of 140 Years Of Friendly Relations Between Japan And Serbia

Ambassador of Japan in Serbia H.E. Katsumata Takahiko hosted a reception in his residence to mark the 140th anniversary...

Serbian Minister of Finance Siniša Mali held a final meeting with a mission of the International Monetary Fund (IMF) led by Jan Kees Martijn, which was in Belgrade for the second revision of the current arrangement with Serbia.

The aim of the arrangement is to further implement structural reforms and maintain macroeconomic and financial stability.

Following the second revision of the arrangement, it was concluded that Serbia has managed well with the crisis caused by the Covid-19 pandemic, and that it is now important to maintain macroeconomic and fiscal stability, especially in the highly unpredictable conditions caused by global events.

Speaking about the current arrangement, Mali pointed out that a large number of goals had been met and that it was important to continue with structural reforms, especially concerning public companies. The most important of these are reforms in the energy sector, so we can be ready for next winter and ensure efficient management in those companies.

Concerning other reforms, reform of the Tax Administration will be continued, among which the project of e-fiscalization is extremely important, which means that from 1 May all taxpayers will have new fiscal devices.

They will be connected to the Tax Administration in real time, which will greatly contribute to the fight against the grey economy. The e-invoice project is also important, and will be mandatory for the public sector from 1 May.

The topic of the visit was the new Iskra system for calculating salaries in the public sector, which will completely put order in the system of public salaries, one of the reform goals.

It was judged at the meetings that the inflow of foreign direct investment has held up well, and in particular that talks with large investors are currently underway, an excellent indicator of the state of our economy.

Read more...

Farewell Visit Of The IMF Resident Representative In Serbia Sebastian Sosa

Minister of Finance Sinisa Mali received today in a farewell visit Resident Representative of the International Monetary Fund (IMF) in Serbia Sebastian Sosa. Mali expressed...

Marko Čadež: Open Balkans Internal Trade And Single Labour Market

Representatives of six sectoral groups that include representatives of competent institutions of all three countries will discuss about benefits for import, export and movement...

The Minister also referred to our country’s macroeconomic indicators, stating that Serbia ended last year with growth of 7.4%, that unemployment in the fourth quarter of 2021 was 9.8%, the same level as before the pandemic, and that public debt is under control.

He also said that current capital investment has significantly contributed to economic growth, and that the construction of ten motorways and fast roads is in progress, along with investment in health care and the Green Agenda.

In June last year, Serbia signed a new advisory arrangement with the IMF, the Policy Coordination Instrument (PCI), which will last until the end of 2023. The arrangement is of an advisory nature, which means that it does not include financial support.

Photo: mfin.gov.rs

Related Articles

Metito To Secure Sustainable Solution For Water Supply Challenges In Zrenjanin

The Contract for realization of a water treatment project in Zrenjanin has been signed in the Government of the Republic of Serbia between the...

In The New Report On Serbia GRECO Calls For Further Measures To Prevent Corruption

In a new report on Serbia, the Council of Europe’s Group of States against Corruption (GRECO) calls for further measures to prevent corruption respect of persons...

Serbia And Hungary Sign Agreement On Border Control

The Agreement between the governments of Serbia and Hungary regulating border control in road, rail and water transport was signed in Subotica by Minister...

Comment

Serbia Again In U.S. Administration’s Focus

Bilateral relations between Serbia and the U.S. are cordial, but not without their downside. Those relations are today driven by complex political issues, often...

Bilateral Trade Exchange

Investments Yet To Convert Into Significant Bilateral Trade

Although trade cooperation between the U.S. and Serbia remains below the level of a billion dollars, the two countries are increasingly finding new opportunities...

Vladimir Marinković, Director Of The Serbian-American Friendship Congress

A Friend In Need Is A Friend Indeed

Relations between Serbia and America determine the future of our country and the Western Balkans as a whole. It is a fact that Serbia...

French-Serbian Economic Cooperation

New French Investments Expected

The visit of French President Emmanuel Macron to Serbia marked a turning point in the development of economic relations between the two countries. And...

Ambassador Thomas Schieb: Sanctions On Russia Will Help Serbia Progress

German Ambassador to Serbia Thomas Schieb said that democracy, freedom of thought and expression, independent institutions and human rights are extremely fragile concepts, which...